Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Urban Outfitters (URBN) Stock Price

News headlines about Urban Outfitters (NASDAQ:URBN) have been trending somewhat positive on Friday, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Urban Outfitters earned a news impact score of 0.18 on Accern’s scale. Accern also gave media stories about the apparel retailer an impact score of 47.5578055462168 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the news articles that may have effected Accern’s rankings:

Shares of Urban Outfitters (NASDAQ URBN) opened at $32.53 on Friday. The firm has a market capitalization of $3,497.51, a PE ratio of 21.12, a PEG ratio of 1.81 and a beta of 0.73. Urban Outfitters has a twelve month low of $16.19 and a twelve month high of $35.55.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Monday, November 20th. The apparel retailer reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.08. The company had revenue of $892.77 million for the quarter, compared to analyst estimates of $860.64 million. Urban Outfitters had a return on equity of 13.34% and a net margin of 4.81%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 earnings per share. equities analysts forecast that Urban Outfitters will post 1.55 EPS for the current fiscal year.

Urban Outfitters declared that its board has approved a share buyback program on Thursday, August 24th that authorizes the company to repurchase $20.00 million in outstanding shares. This repurchase authorization authorizes the apparel retailer to purchase up to 0.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

A number of research analysts have issued reports on the company. Royal Bank Of Canada lifted their target price on Urban Outfitters from $17.00 to $21.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 16th. KeyCorp set a $26.00 target price on Urban Outfitters and gave the company a “buy” rating in a research report on Wednesday, August 16th. SunTrust Banks reiterated a “buy” rating on shares of Urban Outfitters in a research report on Wednesday, August 16th. B. Riley reiterated a “neutral” rating on shares of Urban Outfitters in a research report on Wednesday, November 1st. Finally, Deutsche Bank reiterated a “hold” rating and issued a $18.00 target price (down previously from $19.00) on shares of Urban Outfitters in a research report on Friday, August 11th. Three analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Urban Outfitters has a consensus rating of “Hold” and a consensus price target of $24.20.

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About Urban Outfitters

Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.

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